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Sep 26, 2009
09/09
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ask >> and you don't get a rimm, for example. what do you make of the action in terms of the protection buying versus individual stocks. people are buy progress text on the etfs rather than making bets on individual names. >> one of the issues we talked about last week, we talked about one by two ratio spreads. i think people are looking to those etfs to hedge their portfolios. to both dan and mike's point, you're heading into earnings. earnings last season. you saw similar type of trading and you're also heading into october. this is just historically one of the more volatile months. i don't look at it as the sky is falling. i think it's looking at their positions. looking at their individual stocks saying what etf is the best hedge. what i think is one of the more interesting point is it's not just the xlf trading for people to protect their positions. regional bank etfs, they're buyers of the november puts. normally trades around 500 contracts. they're looking for etfs that are going to protect their portfolios. >> it's not ju
ask >> and you don't get a rimm, for example. what do you make of the action in terms of the protection buying versus individual stocks. people are buy progress text on the etfs rather than making bets on individual names. >> one of the issues we talked about last week, we talked about one by two ratio spreads. i think people are looking to those etfs to hedge their portfolios. to both dan and mike's point, you're heading into earnings. earnings last season. you saw similar type of...
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Sep 26, 2009
09/09
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right now at rimm this report is a game changer for rimm. goldman sachs lowered the price target, downgraded rimm. going forward i don't know if it's one of the names you can continue to own as a hedge fund vip list. >> we talked about it yesterday. it will overshoot. it did it in june, it will do it again, it will overshoot probably next week. especially if the tape is weak. i'll say again don't jump into rimm thinking it's a value play because it's not and don't think you're buying the bottom because you won't, and those double tops loom in rimm. i think 65 is your first level. joe mentioned it trade down to 68 1/2 today. but i do think we'll see 65. and then go from there. we'll have an analyst on later to talk about it, but i think rimm is a crowded trade. people are going to have to pile out. wait for it to happen. >> i think we're going to bring in that analyst right now. you guys are down on rimm right now. this man, he's standing strong on the street out there. we had a number of downgrades today, raymond james, goldman sachs all cut
right now at rimm this report is a game changer for rimm. goldman sachs lowered the price target, downgraded rimm. going forward i don't know if it's one of the names you can continue to own as a hedge fund vip list. >> we talked about it yesterday. it will overshoot. it did it in june, it will do it again, it will overshoot probably next week. especially if the tape is weak. i'll say again don't jump into rimm thinking it's a value play because it's not and don't think you're buying the...
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Sep 23, 2009
09/09
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margins is what really tripped rimm up last year. the big trip was they lost several products at one time. right now the newer products are big enhancements but not completely new from scratch and they're using the ems, or contract manufacturers to help sh shift the ris ak way from rimm on to the ems companies. we don't think that trip and stumble's going to happen this year. >> hey, jim, it's joe, how about the ebbett-printerprise demand, market share? do they still have a grip on that? >> we've off a lot of people. currently it doesn't sound like there's more layoffs going on. enterprise i think is starting to stabilize but a lot of rimm's growth is coming from the consumer. buy one get one free, all these promotions. we're not building in a rebound to enterprise. when that comes, look out, this is going higher. >> all right, jim, last question here. if rimm does in fact come out with those bullish forecasts that everybody's anticipating, would you get more bullish and constructive on flextronics, the names you had upgraded in augu
margins is what really tripped rimm up last year. the big trip was they lost several products at one time. right now the newer products are big enhancements but not completely new from scratch and they're using the ems, or contract manufacturers to help sh shift the ris ak way from rimm on to the ems companies. we don't think that trip and stumble's going to happen this year. >> hey, jim, it's joe, how about the ebbett-printerprise demand, market share? do they still have a grip on that?...
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Sep 23, 2009
09/09
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i would probably in near terms seller here in rimm. >> interesting. is this one of those stocks that if it hits a certain level, that you dive back in and pick it up again? >> if rimm comes back to around 75, i personally like the $78 level myself. there's a lot of technical support there. yes, matt, this is stock that you could trade that way. but you've got to remember, on a stock this high correlated to the s&p, which by the way, if the s&p breaks 1060 here, it could move lower. rimm will move lower with it and probably bring it down to the $78 level and give you a chance to buy. >>> jared, appreciate it. from peak 6 investments. >>> coming up on fast mope tonight, the top rimm analyst has the setup for those earnings tomorrow. plus a first on cnbc interview with california's biggest utility, pg&e. why they're parting ways with the chamber of commerce. melissa, and the traders, live at 5:00. >>> but now, up next, we are right back with the "closing bell," and the closing countdown. >> absolutely. right after the break, prime minister of thailand wi
i would probably in near terms seller here in rimm. >> interesting. is this one of those stocks that if it hits a certain level, that you dive back in and pick it up again? >> if rimm comes back to around 75, i personally like the $78 level myself. there's a lot of technical support there. yes, matt, this is stock that you could trade that way. but you've got to remember, on a stock this high correlated to the s&p, which by the way, if the s&p breaks 1060 here, it could move...
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Sep 18, 2009
09/09
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that said, rimm's up 20% in the last 20 days. that means i can't prudently recommend it to you ahead of the quarter. that's too much of a move. instead what we're going to do is use rimm's quarter, what they say, as a gauge, nothing more. rimm is what we on the street as well as cramer fave jordin sparks call a battlefield, a place where you'd better go get your armor because you have no edge whatsoever. every single hedge fund already playing rimm. up or down, long or short, calls and puts. that's a lot of serious firepower focused on one stock. you don't want to step in there only to be blown away by some short-selling howitzer. that's why we'll just use rimm as a way to measure the strength of the smartphone market. i've learned this. sometimes knowing when you can't win, like with gaming, research in motion after the close on thursday, is a huge part of being a great money manager. thursday not alone. perhaps one of the most speculative names, i watch the tape on cnbc every day, what people are buying. rite aid. symbol rad. i
that said, rimm's up 20% in the last 20 days. that means i can't prudently recommend it to you ahead of the quarter. that's too much of a move. instead what we're going to do is use rimm's quarter, what they say, as a gauge, nothing more. rimm is what we on the street as well as cramer fave jordin sparks call a battlefield, a place where you'd better go get your armor because you have no edge whatsoever. every single hedge fund already playing rimm. up or down, long or short, calls and puts....
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Sep 24, 2009
09/09
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after the close here, we'll get the rimm. the hope here maybe they'll announce shipments up 10%, or going to be up 10% in the third quarter. we'll get the news in just a minute. there's the closing bell. you know who's next. maria bartiromo. >>> it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo. today coming to you live from the clinton global initiative from new york city. we have many participants joining us to talk about the economy, talk about many of the commitments made at this conference. and talk about what's ahead for the market. stocks today extending wednesday's losses after disappointing housing data, as well as a big decline in the price of energy. home sales unexpectedly fell nearly #% last month ending a four-month winning streak. oil prices getting hit hard today, crude oil tumbling 4.5% on the session. closing below # $6 a barrel. just $72 a couple of days ago. and on top of a 4% decline on wednesday because of weak energy demand
after the close here, we'll get the rimm. the hope here maybe they'll announce shipments up 10%, or going to be up 10% in the third quarter. we'll get the news in just a minute. there's the closing bell. you know who's next. maria bartiromo. >>> it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo. today coming to you live from the clinton global initiative from new york city. we have many...
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Sep 25, 2009
09/09
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plus rimm falling 17% today but one analyst is sticking to his guns and says it is still a buy. we'll see about all the others on the street. don't seem to see any more pop first let's get to the word on the street. we should note that we are awaiting president obama to make some comments on the heels of that g-20 summit in pittsburgh, pennsylvania. when he begins speaking, which is anticipated to be at around 5:15, we will go to him live. but in the meantime we do want to discuss the big market turnaround today, this week in fact. guy, you have earned the moniker debbie downer -- >> justly so. >> and this week it seems you're not wrong. >> i'm not right either. look, the timing in this business, if you're early you're wrong. so i've been wrong. i'll say it again. and quite frankly, given the rimm news yesterday, i thought we'd be down a lot more than we were. so i'll say you know what, today wasn't as bad as i thought it would be. that being said, i think this week sets you up for another continued leg lower into next week and into october. i really don't like what i saw. the r
plus rimm falling 17% today but one analyst is sticking to his guns and says it is still a buy. we'll see about all the others on the street. don't seem to see any more pop first let's get to the word on the street. we should note that we are awaiting president obama to make some comments on the heels of that g-20 summit in pittsburgh, pennsylvania. when he begins speaking, which is anticipated to be at around 5:15, we will go to him live. but in the meantime we do want to discuss the big...
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Sep 28, 2009
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but you don't want to get rimmed at all. >> all i need is the rimm chart on my bathroom mirror. my husband will really go nuts. as far as working all the time. no, no, i get what you're saying. in fact, bernard, you also like walmart in the retail space, don't you? you also think this is a stock to own for the long term? >> yeah. i think, you know, a lot of the goods, they sell. essentially integrating vertically. so that is a good margin in the future. >> all right. gentlemen, good conversation. we appreciate it. go ahead, you have the last word, lee, please. >> seasonally small caps should outperform right now. i think because of the 80% surge in small caps, since the march lows, i think big caps should outperform going forward. and i think that dovetails into what bernard is saying. >> we'll leave it there, gentlemen. great conversation as always. we appreciate you being on tonight. >> thank you very much. >> thank you. >>> here's a look at some of the other stories we're following on the "closing bell" ticker. applied materials getting a boost after citigroup upgraded the st
but you don't want to get rimmed at all. >> all i need is the rimm chart on my bathroom mirror. my husband will really go nuts. as far as working all the time. no, no, i get what you're saying. in fact, bernard, you also like walmart in the retail space, don't you? you also think this is a stock to own for the long term? >> yeah. i think, you know, a lot of the goods, they sell. essentially integrating vertically. so that is a good margin in the future. >> all right....
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Sep 25, 2009
09/09
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rimm is clearly not helping things. worse than expected outlook just covering about. down about 17%. downgrades coming on that as well. google is making it fraxally. you are seeing research in motion is the big story. i know melissa was talking about the flurry of m&a deals. i want to focus on shanda games, the chinese internet company which trades here at the nasdaq as well. this is the biggest ipo in the u.s. that is significant in and of itself. a little after 11, and it down about six and a half percent. you have to focus on the fact that we have had a pick up in ipos as well. >> all right. thank you so much. before we go to our next story we want to bring you these comments coming from ahmadinejad, the irania-r irani president saying that they are completely legal. we are going to, of course, be on top of the story. you are seeing them at the bottom of your screen as well. google made headlines when it announced that the acquisition s s spigot had been turned on in a big way. that could mean a deal bonanza in tech. >> the amount of cash out there is absolutely st
rimm is clearly not helping things. worse than expected outlook just covering about. down about 17%. downgrades coming on that as well. google is making it fraxally. you are seeing research in motion is the big story. i know melissa was talking about the flurry of m&a deals. i want to focus on shanda games, the chinese internet company which trades here at the nasdaq as well. this is the biggest ipo in the u.s. that is significant in and of itself. a little after 11, and it down about six...
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Sep 25, 2009
09/09
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rimm is king of enterprise both here and in europe. microsoft, mobile and apple make small inroads, but they're by no means impactful. it's really about the consumer and that opportunity ahead and the steps that rimm is taking. one of those steps is to moderate its m&ps and that did affect the outlook on the quarter. to some extent, that's why we're calling this a speed dump as opposed to something that would change the fundamentals of the company which are very strong ahead of a strong product cycle. >> you're saying moderate their asps. what did they do? they didn't charge as much for each rimm, for each unit? >> it was about mix. so they had a larger mix of lower asp devices, which did better. particularly in international market. the unit guidance was actually very good. so as a result, revenue came off less than expected. if the asps were higher, then revenue would've come in above the street and people wouldn't be worrying so much about it. >> but is the lower price point because of the competition or is it just because they're b
rimm is king of enterprise both here and in europe. microsoft, mobile and apple make small inroads, but they're by no means impactful. it's really about the consumer and that opportunity ahead and the steps that rimm is taking. one of those steps is to moderate its m&ps and that did affect the outlook on the quarter. to some extent, that's why we're calling this a speed dump as opposed to something that would change the fundamentals of the company which are very strong ahead of a strong...
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Sep 24, 2009
09/09
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because of rimm's decline. as i said about this mobile internet thesis i'm a believer and i couldn't leave these stocks if i tried which by the way is the monk's first corolla corollary. the other longterm thesis is aerospace and last week's game planner i said if obscured aircraft maintenance forecast companies said good things, a good idea to use any market weakness which again is what we're having to pick up aerospace names like boeing. arr said good things and boeing's coming in. more for a 3% yield i think it's worth snagging and the defensive stocks that we like, eat, drink or medicate yourself with or of course legally smoke. you don't have to think much further than procter & gamble when you are trying to figure out how to get more defensive which is i why i own it at my charity trust. and looking at kimberly clarke. benefits from the reversal in the dollar. i think that it will stay weak and cheap natural gas but the most important takeaway for you home gamers here. is a game plan arrived out on friday
because of rimm's decline. as i said about this mobile internet thesis i'm a believer and i couldn't leave these stocks if i tried which by the way is the monk's first corolla corollary. the other longterm thesis is aerospace and last week's game planner i said if obscured aircraft maintenance forecast companies said good things, a good idea to use any market weakness which again is what we're having to pick up aerospace names like boeing. arr said good things and boeing's coming in. more for a...
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Sep 23, 2009
09/09
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with a top-ranked rimm analyst. all that and much more coming up at the top of the hour on "fast money." see you then. please help me welcome a long-time friend of glencoe baseball. a man who played second base here some 45 years ago. actually, 47. ladies and gentlemen, mr. larry mccarthy. amidst today's financial turmoil, our sophisticated wealth transfer strategies... and philanthropic expertise ensure your legacy... is passed on to family or your favorite pastime. ♪ northern trust. wealth management. asset management. asset servicing. >>> here's what to watch for tomorrow. >> i'm jim goldman in the silicon valley bureau. blackberry maker research in motion getting set to report its quarterly earnings on thursday, but the shares have really been an underperformer as far as the big tech rally is concerned. will this report start to turn that thing around? >> rick santelli on the floor of the cme group. tune in tomorrow 8:30 eastern. we're going to probably see close to 550,000 continue to be the read on initial c
with a top-ranked rimm analyst. all that and much more coming up at the top of the hour on "fast money." see you then. please help me welcome a long-time friend of glencoe baseball. a man who played second base here some 45 years ago. actually, 47. ladies and gentlemen, mr. larry mccarthy. amidst today's financial turmoil, our sophisticated wealth transfer strategies... and philanthropic expertise ensure your legacy... is passed on to family or your favorite pastime. ♪ northern...
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Sep 25, 2009
09/09
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the story of the day, rimm has been dragging us throughout much of the day. >> several factors impacting oil prices today. geopolitics, supply and demand, and technical factors, namely the dollar. we did see oil prices finish the session right around $66 a barrel, up slightly. still down considerably for the week. down about 8% for the weekend. in fact, we are posting a loss here. and for the week. and still within the lower end of the range we've been in for the past two months. a number of factors traders are watching today, we've got the durable goods data out. new home sales data was weak as well. then we also, though, had that overhang from that big supply bill that we had on wednesday, which really helped to take the market down both wednesday and thursday. but today that controversy over the nuclear plant set up by iran, the covert nuclear plant as president obama refers to them, of course, iran's president saying there's no secrecy involved. tra controversy helped support oil prices somewhat. we are looking at the impact of the dollar. the dollar getting a little bit off of the l
the story of the day, rimm has been dragging us throughout much of the day. >> several factors impacting oil prices today. geopolitics, supply and demand, and technical factors, namely the dollar. we did see oil prices finish the session right around $66 a barrel, up slightly. still down considerably for the week. down about 8% for the weekend. in fact, we are posting a loss here. and for the week. and still within the lower end of the range we've been in for the past two months. a number...
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Sep 24, 2009
09/09
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rimm also anticipating average selling prices, those asps of $320 in the third quarter. and the reason for the decline, according to jim basseli, the company's co-ceo there is because of the higher priced blackberries scheduled to come out are going to come out toward the end of the third quarter and that is going to affect the asps ahead of that, because again there's only going to be a few weeks of sales of those products available on the balance sheet for that quarter. gross margins will come down about 4 throw% over 44% for the company's second quarter. and the reason for that is opex, operating expenses will be increasing in the third quarter as rimm increases the amount of money it will spend on product marketing, because, again there, is a pretty stuffed product pipeline at the company. a lot of new blackberrys coming out during the course of that quarter. latin american, said sales are increasingly strong, gaining momentum, and there are several catalyst on the horizon that will accelerate that moment num that particular area. that was something that research in
rimm also anticipating average selling prices, those asps of $320 in the third quarter. and the reason for the decline, according to jim basseli, the company's co-ceo there is because of the higher priced blackberries scheduled to come out are going to come out toward the end of the third quarter and that is going to affect the asps ahead of that, because again there's only going to be a few weeks of sales of those products available on the balance sheet for that quarter. gross margins will...
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Sep 25, 2009
09/09
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it's important to note rimm represents 3% of the market. everyone is coming after the smart phone space. we actually think that the iphone and blackberries and many of these can be very successful at the same time as a feature phone, the camera only, voice only phones, the phones that come people may use without live texting and e-mail on it are going to start to go away. we think the smart phone segment in total can out perform the market. but right now rimm is the one that has the target on it today. >> jim suva, thank you for sharing your thoughts. >>> up next, the stock market up 48% since the march bottom. signs the economy is stabilizing after the worst worldwide recession since the 1930s. but, is the dollar permanently damaged? >>> then, president obama sends a warning to iran. publicly demanding iran open up a secret nuclear facility to international inspectors. >>> and meet the man who came to america with $20 in his pocket and today is a small business owner living the american dream. you're watching cnbc, and we are first in busi
it's important to note rimm represents 3% of the market. everyone is coming after the smart phone space. we actually think that the iphone and blackberries and many of these can be very successful at the same time as a feature phone, the camera only, voice only phones, the phones that come people may use without live texting and e-mail on it are going to start to go away. we think the smart phone segment in total can out perform the market. but right now rimm is the one that has the target on...
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Sep 24, 2009
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we'll continue with more developments on the rimm story. meanwhile, up negs we're going to take a little trip around the world. stop in france. i'm going to be speaking with the finance minister of france, christine lagarde. talking about employment, how much she will be reading into the recent gdp growth we saw coming out of france. we'll also hear about her exit strategy from the stimulus measures. how might she recommend the federal reserve do it. and then later, my exclusive interview with the president of brazil. joining us, president lula, to tell us about reducing his country's dependence on the dollar. and also, he has some thoughts on what he's calling a commodities crisis. join us for president lula of brazil as we discuss the resource rich brazil. back in a moment. you're watching cnbc, first in business worldwide. >>> welcome back to the program. live from the clinton global initiative. french finance minister christine lagarde tells me she is not a fan of bigger government in business. however, when it comes to the financial se
we'll continue with more developments on the rimm story. meanwhile, up negs we're going to take a little trip around the world. stop in france. i'm going to be speaking with the finance minister of france, christine lagarde. talking about employment, how much she will be reading into the recent gdp growth we saw coming out of france. we'll also hear about her exit strategy from the stimulus measures. how might she recommend the federal reserve do it. and then later, my exclusive interview with...
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Sep 23, 2009
09/09
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people have said rimm's up on a big squeeze. repeat after me. it's the tsunami. that's why once again we're going to connect the dots for you. on august 11th i put together a mobile internet index. made up of 21 stocks, most levered to the game-changing trend. the whole index, it's up 15.35% since then versus 6.7% for the s&p 500. this index is the secretariat. it's pulling away from the field. i visited secretariat's grave once. solemn. the biggest winners. ciena, a telco equipment company that helps wireless networks support bigger bandwidth in order to support the high-speed video and data services that make the mobile internet possible. how many times did i tell you to buy that? up 42% since august 11th. how about the san disk? makes compact dram memory, allows you to store all your songs and videos on your iphone. up 35%. aldri aldrich. up 24%. the power amplifiers to boost your smartphone signal. ctv, no one likes it, up 24%. makes antennas for cell towers. great business. and palm up 22% of course, the smartphone maker we just talked about. these are all p
people have said rimm's up on a big squeeze. repeat after me. it's the tsunami. that's why once again we're going to connect the dots for you. on august 11th i put together a mobile internet index. made up of 21 stocks, most levered to the game-changing trend. the whole index, it's up 15.35% since then versus 6.7% for the s&p 500. this index is the secretariat. it's pulling away from the field. i visited secretariat's grave once. solemn. the biggest winners. ciena, a telco equipment company...
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Sep 25, 2009
09/09
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plus rimm falling 17% today but one analyst is sticking to his guns and says it is still a buy. we'll see about all the others on the street. don't seem to see any more pop first let's get to the word on the street. we should note that we are awaiting president obama to make some comments on the heels of that g-20 summit in pittsburgh, pennsylvania. when he begins speaking, which is anticipated to be at around 5:15, we will go to him live. but in the meantime we do want to discuss the big market turnaround today, this week in fact. guy, you have earned the moniker debbie downer -- >> justly so. >> and this week it seems you're not r-o-n-g. >> i'm not r-i-h-t either. you know what i mean? look, the timing in this business, if you're early you're wrong. so i've been wrong. i'll say it again. and quite frankly, given the rimm news yesterday, i thought we'd be down a lot more than we were. so i'll say you know what, today wasn't as bad as i thought it would be. thanning said, i think this week sets you up for another continued leg lower into next week and into october. i really don'
plus rimm falling 17% today but one analyst is sticking to his guns and says it is still a buy. we'll see about all the others on the street. don't seem to see any more pop first let's get to the word on the street. we should note that we are awaiting president obama to make some comments on the heels of that g-20 summit in pittsburgh, pennsylvania. when he begins speaking, which is anticipated to be at around 5:15, we will go to him live. but in the meantime we do want to discuss the big...
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Sep 17, 2009
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that's the thinking behind citi, reiterating its 100 dollar target on rimm. their time will come, some analysts say and with the fundamentals of these key players so strong, it seems like there's still a lot of room to run for manufacture them. >> let's see. kevin landis, firsthand funds and scott kessler, director of information technology research group at standard and poors. technology is not such a mature industry that it can't be a leading indicator of economic activity. is this why we're seeing the really here? >> i think that's the basic hypothesis. let's go back to what you led off with here. there's mature tech and emerging tech. there's this changing of the guard going on. if you look at a company like oracle or a company like intel, those are mature stories. they're well into their third and forth decades. where as if you look at the alternative energy names, those are emerging. >> what sector do you want to get into right now? >> i'm more of an emerging tech guy. we're excited about getting into the solar technologies. that doesn't mean it's not a
that's the thinking behind citi, reiterating its 100 dollar target on rimm. their time will come, some analysts say and with the fundamentals of these key players so strong, it seems like there's still a lot of room to run for manufacture them. >> let's see. kevin landis, firsthand funds and scott kessler, director of information technology research group at standard and poors. technology is not such a mature industry that it can't be a leading indicator of economic activity. is this why...
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Sep 25, 2009
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i told you not to focus on rimm's earnings. think about many years. and you want something placative on that shopping list to keep you interested in this multiple years play. and i've got a new one tonight. i like a stock, i haven't liked the stock since 1999. so we've got a ten-year history of disliking the stock. and it's called 3com. coms, for all you home gamers. this is cisco's speculative second cousin if not redheaded stepchild, which reported an unbelievably fabulous quarter yesterday, beating the street's estimates, raising guidance. it was a real blowout that made me a believer in the stock even though no one seemed to care because everything's gotten so gloomy here, and this stock's totally dropped off the radar screen after years of underperformance. you know that cisco's one of my favorite stocks. the backbone of the web. plus the sin yoouz. it's the joints, it's the muscles, it's the ligaments. i like it so much, my charitable trust owns, it-l actionalertsplus.com. i hadn't been as bullish about 3com until it report yesterday. i'd been w
i told you not to focus on rimm's earnings. think about many years. and you want something placative on that shopping list to keep you interested in this multiple years play. and i've got a new one tonight. i like a stock, i haven't liked the stock since 1999. so we've got a ten-year history of disliking the stock. and it's called 3com. coms, for all you home gamers. this is cisco's speculative second cousin if not redheaded stepchild, which reported an unbelievably fabulous quarter yesterday,...
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Sep 28, 2009
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it's just been a rough five-day stretch, down some 20% inside of a week for rimm after those earnings. down another 2.9% today. ouch. in terms of advances in the climbs, we are better than 3-1 at the moment. let's go to sharon epperson. >> we have a bit of a rally going on here in the energy complex as well. oil prices off of their highs of the session. keep in mind today, the oil rally had a lot to do with the strength in the stock market we saw today. as well as those missiles being test fired by iran and concerns over their nuclear ambitions. of course, obama will meet with the six major powers in geneva to talk about the nuclear plans that iran has on thursday. and as those tensions continue to heat up, we are likely to see oil prices here supported above the $65 mark, which has been the low end of the range. we've seen oil prices in for the last couple of months. keep in mind we continue to watch inventories as well. inventories continue to grow. reuters poll has u.s. inventories rising by about half a million barrels in the past week. and that could put a cap on any type of pric
it's just been a rough five-day stretch, down some 20% inside of a week for rimm after those earnings. down another 2.9% today. ouch. in terms of advances in the climbs, we are better than 3-1 at the moment. let's go to sharon epperson. >> we have a bit of a rally going on here in the energy complex as well. oil prices off of their highs of the session. keep in mind today, the oil rally had a lot to do with the strength in the stock market we saw today. as well as those missiles being...
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Sep 18, 2009
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>> really, rimm will fix the problem. the bigger issue is whether or not this deteriorates the relationship with verizon who sells a tremendous amount of rimm phones. apple is definitely the company to be right now because they provide an integrated solution rather than just a phone. they're not going to compete head to head with anybody for quite some time. so from a stock perspective, there's a lot of opportunities for them in the coming years. >> david, thank you very much for joining us today and we hope to see you soon. >> thanks. >> if you have any comments or can we go questions about anything you see here on squawk, e-mail us squawk@cnbc.com. we're going to take a quick break right now. news making headlines outside the world of business when we come back. >>> time now for a check on the news outside the world of business. alex witt joins us with the headlines. >> good morning to you, joe. and a happy friday, everyone. >>> a yale university lab technician has been charged with the murder of annie le. raymond clark
>> really, rimm will fix the problem. the bigger issue is whether or not this deteriorates the relationship with verizon who sells a tremendous amount of rimm phones. apple is definitely the company to be right now because they provide an integrated solution rather than just a phone. they're not going to compete head to head with anybody for quite some time. so from a stock perspective, there's a lot of opportunities for them in the coming years. >> david, thank you very much for...
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Sep 25, 2009
09/09
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but we had disappointing news from rimm. let me show you a group that has been under a little pressure this week really in the last week and a half and that is some of the key parts of the transportation sector. fedex probably down 7 or 8%. industrials are also a bit on the weak side. i wouldn't say they are rolling over but some weakness and some of the big names. united technologies is a parent company. general electric a tad on the weak side. as you can see there, some of the big airlines. this is what the interesting thing, the other side is we are seeing real moves up in the airlines. we have had some successful capital races. that has been rolling over all throughout the day here. there is our parent company, general electric which was at $17 just a short while ago. trader talk. oil is down about 9%. >> bob, when i started covering oil, if there was any talk about some covert nuclear plant, that would have sent oil prices up $10 in a minute. right now we are looking at prices down about 10 cents or so. we are waiting f
but we had disappointing news from rimm. let me show you a group that has been under a little pressure this week really in the last week and a half and that is some of the key parts of the transportation sector. fedex probably down 7 or 8%. industrials are also a bit on the weak side. i wouldn't say they are rolling over but some weakness and some of the big names. united technologies is a parent company. general electric a tad on the weak side. as you can see there, some of the big airlines....
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Sep 29, 2009
09/09
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a viewer writes in and says, it is okay to buy research in motion, rimm, at $66? >> yes. i don't think that is -- i wouldn't necessarily say 100 fuss that's the lowest it's been, but i was looking at this last night. they were 11% down yesterday because they said they were going to miss analyst forecasts on sales. that doesn't worry me. i think it's a buying opportunity when it's trading at a level of 14 and historically it's traded at higher multiples than that. the iphone is not a competitor, despite what you read from analysts thinking it's an either/or display. nevertheless, it's a big market out there which they've not even tapped yesterday and it's if only serious business phone, you know, i'm sorry nokia and sorry the others out there. >> you make them talk to each other. be able to sync your blackberry to your mac, please, come on, sort identity out. >> it will happen. >> alpesh, you're staying with us as are you, robert, so we'll come back and get more on strategy. >> let's cross live to tokyo right now and check in on the trading day there with asuka kondo from
a viewer writes in and says, it is okay to buy research in motion, rimm, at $66? >> yes. i don't think that is -- i wouldn't necessarily say 100 fuss that's the lowest it's been, but i was looking at this last night. they were 11% down yesterday because they said they were going to miss analyst forecasts on sales. that doesn't worry me. i think it's a buying opportunity when it's trading at a level of 14 and historically it's traded at higher multiples than that. the iphone is not a...
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Sep 25, 2009
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. >>> shares of rimm disappointing investors with its latest forecasts. plus, carl, still down there reporting live from the g-20. carl. hey, joe, the signs plastered around the city says it all. pittsburgh welcomes the world. today, global leaders are ready to get to work on a range of issues dominated by the xwhe as "squawk box" begins right now. >> good morning, everybody. welcome to "squawk box." i'm becky quick with joe kernen and carl quintanilla who is reporting live from pittsburgh this morning. that's where we begin this morning. >> would he tell we'll get to some of the policy initiatives in a second. last night the president and the first lady welcomed the g-20 heads of state. in the meantime, the treasury secretary greeted all those finance ministers. there were separate working dinner for the two groups at the fifth conservatory. as the leaders were landing yesterday afternoon, demonstrators tried to make think way downtown. security is very tight. hundreds of protesters were met by police in riot gear. many of the marchers were advocating ag
. >>> shares of rimm disappointing investors with its latest forecasts. plus, carl, still down there reporting live from the g-20. carl. hey, joe, the signs plastered around the city says it all. pittsburgh welcomes the world. today, global leaders are ready to get to work on a range of issues dominated by the xwhe as "squawk box" begins right now. >> good morning, everybody. welcome to "squawk box." i'm becky quick with joe kernen and carl quintanilla who is...